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Author : Zdenek Drabek
Release : 1998
Genre : Foreign exchange rates
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Exchange Rate Regimes and the Stability of Trade Policy in Transition Economies by : Zdenek Drabek
Download or read book Exchange Rate Regimes and the Stability of Trade Policy in Transition Economies written by Zdenek Drabek. This book was released on 1998. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mario I. Blejer
Release : 2007-08-23
Genre : Business & Economics
Kind : eBook
Book Rating : 466/5 ( reviews)
Book Synopsis Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies by : Mario I. Blejer
Download or read book Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies written by Mario I. Blejer. This book was released on 2007-08-23. Available in PDF, EPUB and Kindle. Book excerpt: Integrating transition economies into the global commercial and trade market system is a prolonged and risky process. This book is a collection of studies dealing with the different issues related to the liberalization of external relations in economies moving from a socialist to a market-based system The focus is on external sector developments, and the topics deal with balance of payments conditions, exchange rate policies and regimes, international competitiveness, international capital flows, trade, and other matters related to the integration of transition economies into the world economy. An understanding of the principles involved and of the experiences of both transition and advanced economies during this process is crucial to ensure its ultimate success. Written by internationally recognized scholars, the chapters cover these issues in a systematic manner. The first section treats current account developments, capital flows, and exchange rate policies in transition countries, the second section deals with specific issues related to international trade, and the final section consists of six specific country experiences. In this final section, a chapter dealing with the Russian Federation discusses the collapse of the ruble in August 1998.
Author : Mr.Paul R. Masson
Release : 1999-07-01
Genre : Business & Economics
Kind : eBook
Book Rating : 644/5 ( reviews)
Book Synopsis Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe after the Launch of EMU by : Mr.Paul R. Masson
Download or read book Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe after the Launch of EMU written by Mr.Paul R. Masson. This book was released on 1999-07-01. Available in PDF, EPUB and Kindle. Book excerpt: The more advanced Central and Eastern European Countries (CEECs) face an evolving set of considerations in choosing their exchange rate policies. On the one hand, capital mobility is increasing, and this imposes additional constraints on fixed exchange rate regimes, while trend real appreciation makes the combination of low inflation and exchange rate stability problematic. On the other hand, the objectives of EU and eventual EMU membership make attractive a peg to the euro at some stage in the transition. The paper discusses these conflicting considerations, and considers the feasibility of an alternative monetary framework, inflation targeting.
Author : Organisation for Economic Co-operation and Development. Development Centre
Release : 2001
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Don't Fix, Don't Float by : Organisation for Economic Co-operation and Development. Development Centre
Download or read book Don't Fix, Don't Float written by Organisation for Economic Co-operation and Development. Development Centre. This book was released on 2001. Available in PDF, EPUB and Kindle. Book excerpt: Don ́t Fix, Don ́t Float is a book about credibility, or lack thereof. It deals with questions pertaining to international financial architecture from the perspective of developing countries, emerging markets and transition economies. Should the monetary authority fix the exchange rate of the national currency? Should it instead let the currency float in foreign exchange markets? What about bands, baskets and crawls between the fix and the float corners? Answering these questions is of significance to the national economy involved and, with regard to global finance, often beyond. In the same way that there may never be a pure float, even among key currencies, an instant fix does not provide a fast lane to credibility. Credibility is earned abroad as the development process reinforces institution building in monetary, financial and budgetary matters. Indeed, rules for budgetary adjustment (such as the zero deficit in Argentina or the EU Stability and Growth Pact) are necessary for any exchange-rate regime to deliver economic growth and development. In Don ́t Fix, Don ́t Float, the case for intermediate regimes is made for five country groups in Africa, Asia and Latin America. Developing countries, emerging markets and transition economies, together with the OECD area, are facing the consequences of a worsening global economic outlook. In this environment, the development perspective underlying Don t Fix, Don t Float is clearly essential.
Author : International Monetary Fund
Release : 2000-04-01
Genre : Business & Economics
Kind : eBook
Book Rating : 116/5 ( reviews)
Book Synopsis Exchange Rate Regimes in Selected Advanced Transition Economies by : International Monetary Fund
Download or read book Exchange Rate Regimes in Selected Advanced Transition Economies written by International Monetary Fund. This book was released on 2000-04-01. Available in PDF, EPUB and Kindle. Book excerpt: Since beginning economic transition, the Czech Republic, Estonia, Hungary, Poland, and Slovenia have—with much success—employed diverse exchange rate regimes. As these countries approach EU accession, they will need to avoid the perils of too much or too little exchange rate variability when capital flows are likely to be large and volatile; narrow band arrangements in particular could be problematic. The exception is Estonia, where there are good arguments for retaining the currency board arrangement. Countries wishing to join the euro area at an early stage should not leave the removal of remaining capital controls to the last minute.
